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Non-Tech : BASIS100 BAS-TSE

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To: Tom who wrote (63)	3/16/2000 2:40:00 PM
From: Glen Abbey	Read Replies (1) of 104

All these stocks got ahead of themselves. Microsoft's announcement that they would compete for online mortgage business is causing panic profit taking. If I had seen it I would have been tempted to sell and come back in lower too. Tough call now on where the floor will be! Given MSFT's track record, I would bet on BAS delivering first. But they must keep delivering new customers and new products. Having 10 mortgage issuers is a good start but the volume drives the profit. I like the President's Choice and E-Trade deals because they are truly internet-based.

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